Taxability of amount received - Relinquishment of right to sue is neither a capital asset nor taxable u/s 28 which provides specific types of receipt to be held taxable as business income. Relinquishment of right to sue does not find any mention therein. - HC

Income Tax - Taxability of amount received - Relinquishment of right to sue is neither a capital asset nor taxable u/s 2 .....